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BETHESDA/CHEVY CHASE, MARYLAND

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REAL ESTATE

     If you have questions about the following data or want more information, contact us at 202-965-3715. If you would like to be included in periodic e-mail updates on this or other neighborhoods, send your name and e-mail address to info@hananhomes.com.

     As of September 30, 2008, 272 single-family homes were for sale in Bethesda. This includes the winner of the American Architects Custom Home Award for 2008 selling for $7.1 million. There were 74 homes under contract. In the third quarter of 2008, 202 homes sold.

    In the first half of 2008, 366 single-family homes sold in Bethesda. In 2007, there were 782 sales, while 873 homes sold in 2006. The average sale price in the first half of 2008 was $911,009. This compares to $1,038,678 and $999,504 in 2007 and 2006, respectively. The average list price was $1,024,164 in the first half of 2008, $1,064,516 in 2007, and $1,023,670 in 2006. Listed below are the sales by price range. 

Single-Family Homes

2008
1st Half

2007

 2006 
Below $500,000 7 13 13
$500,000-$999,999 233 478 585
$1,000,000-1,499,999 83 168 171
$1,500,000-$1,999,999 30 82 56
$2,000,000-$2,499,999 9 31 32
$2,500,000-$2,999,999 2 4 8
$3,000,000-$3,999,999 0 4 3
$4,000,000-4,999,999 1 2 3
$5,000,000-$5,999,999 1 0 2
TOTAL 366 782 873

    The number of condominiums and cooperatives that sold in Bethesda in the third quarter of 2008 totaled 61, with 27 under contract. There were 124 condos and coops for sale as of September 30, 2008. For the first half of 2008, 110 condos/coops sold, 240 for the year 2007, and 280 in 2006. The average sales price was $425,883 in the first half of 2008, $419,210 in 2007, and $407,435 in 2006. Listed below are the sales by price range.

Condominiums/Coops

2008
1st Half

2007

 2006 
Below $500,000 84 184 216
$500,000-$999,999 22 52 62
$1,000,000-1,499,999 3 2 0
$1,500,000-$1,999,999 0 2 2
$2,000,000-$2,499,999 1 0 0
TOTAL 110 240 280

    Most of residential downtown Bethesda, including Friendship Heights and Woodmont Triangle, is mid- or high-rise condominiums, although there are a few townhouse and single-family homes. It was described as a focal point for empty-nesters by the 2005 Washingtonian. Westmoreland Hills and Springs Hills are beautiful, large Colonials, Tudors, Cape Cods, large ramblers and a few farmhouses. Woodmont, further west, was built in the 1930s and 1940s, starting out as Tudor and Colonial Revivals with split-levels, ramblers, and Colonials built in the 1960s. The same scenarios could be used to describe many of the neighboring subdivisions. Bannockburn, one of the communities furthest west, has been described as eclectic and very family-oriented. Bannockburn, along with Carderock Springs and Brookmont, are known for their modern/contemporary homes. Hillmead, Bradmorr, Kensington Heights, and Chevy Chase View are noted for their attractive bungalows. North Bethesda, patented in 1698, covers about 1,400 acres and is mostly single-family homes.

     As of September 30, 2008, 84 single-family homes were for sale in Chevy Chase. Eighteen of those homes are listed between $2 and $3 million, three between $3 and $3.5 million, and one each at $4.6 million and almost $6.1 million. There were 32 homes under contract, 13 of which were listed between $l and $2 million and one slightly over $3 million. In the third quarter of 2008, 57 homes were sold with 24 under $1 million. The prices ranged from $450,000 to $1.725 million.

    In the first half of 2008, 83 single-family homes were sold in Chevy Chase. In 2007, there were 235 sales, while 245 homes were sold in 2006. The average sale price in the first half of 2008 was $1,169,533. This compares to $1,270,007 and $1,248,050 in 2007 and 2006, respectively. The average list price was $1,214,457 in the first half of 2008, $1,304,262 in 2007, and $1,282,690 in 2006. Listed below are the sales by price range.

Single-Family Homes

2008
1st Half

2007

 2006 
Below $500,000 0 2 0
$500,000-$999,999 44 110 112
$1,000,000-1,499,999 17 60 70
$1,500,000-$1,999,999 16 31 37
$2,000,000-$2,499,999 3 15 14
$2,500,000-$2,999,999 2 7 6
$3,000,000-$3,999,999 1 9 4
$4,000,000-4,999,999 0 0 2
$5,000,000-$5,999,999 0 1 0
TOTAL 83 235 245

    The number of condominiums and cooperatives in Chevy Chase that were sold in the third quarter of 2008 totaled 4 (with two over $1 million), with 14 under contract. There were 4 condos and coops for sale as of September 30, 2008. For the first half of 2008, 58 condos/coops were sold, 132 for the year 2007, and 111 in 2006. The average sales price was $736,750 in the first half of 2008, $585,154 in 2007, and $577,900 in 2006. Listed below are the sales by price range.

Condominiums/Coops

2008
1st Half

2007

 2006 
Below $500,000 35 65 57
$500,000-$999,999 12 53 45
$1,000,000-1,499,999 4 7 2
$1,500,000-$1,999,999 2 5 4
$2,000,000-$2,499,999 2 1 2
$2,500,000-$2,999,999 0 1 1
$3,000,000+ 3 0 0
TOTAL 58 132 111

     Chevy Chase West, which is between Friendship Heights and Bethesda, is about 470 homes, mostly Colonials, Sears catalogue homes, ramblers, and split-levels along with a few newer homes. Somerset, comprises about 50 acres, with one or two of the houses dating back to the turn of the 20th Century. The town of Chevy Chase is the largest of the eight municipalities with the name Chevy Chase with more than 1,030 homes within its boundaries. Chevy Chase Village is the southernmost of the Chevy Chase area, and has some of the largest, most stately homes of Chevy Chase. Chevy Chase Section 3 contains only 277 homes and looks quite village-like with its 16-foot wide streets and bungalow houses. Chevy Chase Section 5 has even less homes with 223, most built before World War II. Martin's Additions, has more than 300 homes with extensive tree plantings over the years. Chevy Chase View, which was not incorporated until 1993, has over 300 homes with large yards, gardens, and a wide variety of home styles. The village of North Chevy Chase contains 200 single-family homes covering approximately 1,400 acres.

HIGHLIGHTS

     Bethesda is unincorporated and has no official boundaries, while Chevy Chase is a number of incorporated municipalities. There are approximately 115,000 residents in Bethesda/Chevy Chase (BCC).

     Places of interest in BCC include the historic Bethesda Meeting House, National Library of Medicine, National Imagery and Mapping Agency near the Dalecarlia Reservoir, National Institute of Health, National Naval Medical Center, and the Dennis and Phillip Ratner Museum of contemporary art. The Chevy Chase Historical Society also receives visitors as does the Woodend Mansion which was designed by John Russell Pope, architect of the Jefferson Memorial. The mansion and its grounds are now a wildlife sanctuary and home to the Audobon Naturalists Society.  In nearby Glen Echo are Glen Echo Park and the Clara Barton National Historic Site.

     The differences among neighborhoods in Bethesda/Chevy Chase can be like night and day. Downtown Bethesda and Friendship Heights' busy, towering character contrasts with its neighbors to the east in the quaint, narrow streets of the Chevy Chase sections and even more so with the cul-de-sacs and winding roads of the neighborhoods to their west and north. Every neighborhood near downtown Bethesda has seen tremendous growth with more planned. Friendship Heights is scheduled to see a large increase of both single-family and multi-unit homes near Chevy Chase Center and the Geico property. New development has been approved for the Woodmont Triangle, and the neighborhood was identified by the 2005 Washingtonian as a "Neighborhood for Singles." Chevy Chase residents have been battling attempts of new owners razing smaller homes to be replaced by what has been termed "McMansions." Neighborhoods to the west, many of which were built in the 1930s, 40s, and 50s have also been trying to keep their distinctness. Just off Westmoreland Circle, Westmoreland Hills and Spring Hills, as can be expected, have sloping streets of elegant homes with beautifully manicured lawns. Fifteen percent of the homes in East Bethesda, which date back to the 1920s, have been replaced by larger homes. Most Bethesda/Chevy Chase neighborhoods, however, have been able to retain their original charm. Communities like Wildwood Estate agreed not to construct fences between properties, and Kenwood is still the premiere neighborhood for viewing cherry tree blossoms. 

     BCC has much to offer in the performing arts including the Bethesda Little Theatre, Imagination Stage Inc, the International Conservatory of Music, Iran Cultural and Educational Center, Joy of Motion Dance Center, Landon Symphonette, the Maryland Classic Youth Orchestras, and the Round House Theatre. The Adventure Theatre and The Puppet Company at the nearby Glen Echo Park put on performances for all ages, and the Discovery Creek Children's Museum is also located at the Park. The Strathmore Hall Arts Center is located in nearby North Bethesda. The Writer's Center is also located in Bethesda.

     In the area of sports and recreation, Montgomery County excels in its facilities. In Chevy Chase, the Leland Community Recreation Center offers a multitude of services to its residents. The YMCA Bethesda-Chevy Chase is located on Old Georgetown Road. The Montgomery Aquatic Center in North Bethesda is the largest indoor pool in the area. BCC's outdoor pool is Bethesda Pool on Little Falls Parkway. Bethesda has 38 local parks, and Chevy Chase has seven local county parks. Cabin John Regional Park, Capital Crescent, and Little Falls Branch offer mile upon mile of trails in BCC. The Meadowbrook Riding Stables are in Chevy Chase, and the Locust Grove Nature Center is located in Bethesda. The Cabin John Ice Rink and indoor tennis courts are situated in nearby Rockville. There are 19 ball fields located at schools and an additional 8 found in local parks. Recreation buildings are available for rent in Lynbrook, Maplewood and Norwood parks in Bethesda and in North Chevy Chase, and Rock Creek/Meadowbrook parks in Chevy Chase. Chevy Chase, Columbia, Burning Tree, Bethesda, Kenwood, and Congressional Country Clubs are located in BCC.

     Bethesda-Chevy Chase High School serves the community. Westland is the area's middle school. There are seven public elementary schools. Several private schools in the BCC area offer education from early childhood or kindergarten through high school. They include The Holton Arms School for girls, Landon School for boys, Mater Dei School for boys, Stone Ridge School of the Sacred Heart for girls, and the French School. Georgetown Preparatory School for boys in located in North Bethesda. Private elementary schools are Little Flower School, Norwood School, Oneness-Family School, Washington Episcopal School, and Woods Academy. Preschools/early elementary schools include Concord Hill School, Abingdon Montessori, Bethesda Community School, Bethesda Country Day School, Bethesda Montessori, Harbor School, and Primary Day School. The Foundation for Advanced Education in the Sciences Graduate School is at NIH, and the Keller Graduate School of Management is also in Bethesda. A branch library is on Arlington Road in Bethesda and another in Chevy Chase on Connecticut Avenue. The senior center is the Waverly House in Bethesda on East-West Highway. Surburban Hospital serves BCC.

     Shopping is plentiful in BCC. Downtown Bethesda is one of the prime restaurant areas in the Washington area. Major shopping areas include Westfield Shoppingtown Montgomery Mall, Little Falls Mall, and the nearby Whiteflint and other Rockville Pike shopping areas, and Mazza Gallerie and Chevy Chase Pavillion in Washington. Just over the DC border is what some believe is becoming the equivalent of a Rodeo Drive. Tiffany, Saks, Saks Jandel, and others have been joined by signature stores for Christian Dior, Barneys, Jimmy Choo, and Ralph Lauren. Every spring Landon School holds its Azalea Garden Festival with family entertainment, shopping, and food. Farmers markets are abundant in BCC. They include Bethesda Farmers Market at Norfolk and Woodmont Avenues, Bethesda United Church in Christ at Fernwood and Democracy Boulevard, Bethesda-Chevy Chase YMCA, Concord St. Andrews United Methodist Church, and Friendship Heights Village Center Farm Market. The Montgomery Farm Women's Cooperative Market on Wisconsin operates year-round. Bethesda's Metro stations are Bethesda and  Medical Center and nearby Friendship and Grosvenor-Strathmore Metro, all on the Red Line. Ride On, the county's local transit service, operates throughout BCC and connects to Metrobus and Metrorail.

HISTORY

     When John Smith explored the lands near the Potomac, the Piscataway had already lived in the area for over 300 years. The first Colonists were from England, Ireland, and Wales. The first land patent was given in 1688 for land along the banks of Rock Creek. The forests were soon cleared for farmland. The settlers' homes began as log cabins but as the farmers prospered from their tobacco growing, homes of brick and stone with barns, smoke houses, and slave quarters appeared. The area was originally in Prince George's County but in 1748 was placed in Frederick County and in the same year was subdivided again and designated as being in Montgomery County. In 1791, the Maryland General Assembly ceded 36 square miles to the federal government to be part of the Nation's Capitol. From 1828 until 1850 the Chesapeake and Ohio Canal was built. The farming of corn, wheat, and oats helped the area prosper. During the Civil War the area was plundered by troops from both the North and South. From the war until the turn of the century, trolley cars and railroads brought new residents to the area. After World War II the area boomed. The area of Bethesda received its name for the Presbyterian Bethesda Meeting House.      

     (See Chevy Chase DC for a history of the Chevy Chase and the Chevy Chase Land Company). The first section of the Chevy Chase Land Company development was Chevy Chase Village and opened in 1893. Plans called for broad streets, sizeable lots, and plenty of parkland. There were strict building codes and covenants regarding what future residents could build. The first houses built were for officers of the Land Company. The Company organized the Chevy Chase Club in 1890 soon after the company was formed. Eventually land developed by others was incorporated into Chevy Chase. To draw potential buyers, the Land Company built an amusement park and small lake at the end of the electric railroad line, two miles north of Chevy Chase Circle. The lake was eventually filled and the area was replaced by an apartment building. The town of Chevy Chase was established in the 1890s, Chevy Chase Village in 1890, and Martins' Additions, developed by Harry Martin, was begun by the late 1890s. Sections 3 and 5 were developed in the following 10 to 20 years. The Town of Somerset was developed on land bought by five government scientists in 1890.     

ADJACENT NEIGHBORHOODS

North Kensington, Oakmont, Garrett Park
East Chevy Chase DC, Hawthorne
South AU Park, Spring Valley
West Potomac

NEIGHBORHOOD LINKS

CIVIC ASSOCIATIONS:    
Chevy Chase Chevy Chase Village Chevy Chase Section
 3
Chevy Chase Section 5 Friendship Heights Glen Echo
North Chevy Chase Somerset  
COUNTY GOVERNMENT    
COUNTY SCHOOLS    

Map of Bethesda/Chevy Chase

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To discover more about Bethesda and Chevy Chase and the Washington DC real estate market, including current listings and recent home sales, contact us:
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